Wealth News
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By AFP
Davos -
The world's 26 richest people now own the same wealth as the poorest half of humanity, Oxfam said Monday, warning that "out of control" inequality is stoking popular anger and threatening democracies.
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The man in charge of the company that makes "Fortnite" is now worth over $7 billion.
Epic Games CEO Tim Sweeney is No. 194 on the Bloomberg Billionaires Index of the world's 500 richest people.
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The global economy may only now be showing signs of waking from it post 2008 slumber, but The number of people classed as 'super-rich' continues to grow.
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By AFP
Paris -
Amazon chief Jeff Bezos is now the world's richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes magazine's annual billionaires list published Tuesday.
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By AFP
Geneva -
The number of billionaires worldwide rose above 1,500 last year, a 10 percent jump from 2015, due largely to a surge in Asia, Swiss banking giant UBS and auditors PwC said Thursday.
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By AFP
Shanghai -
The net worth of China's ultra-rich surged this year with Evergrande real estate mogul Xu Jiayin's $43 billion fortune catapulting him to the top, a survey released Thursday said.
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By AFP
Manila -
Philippine President Rodrigo Duterte said Tuesday the heirs of late dictator Ferdinand Marcos had offered to return to the government some of the family's disputed wealth, including "a few gold bars".
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Business Insider met with Ballmer at the Code Conference in Los Angeles to talk about his favorite philanthropy projects. He was all smiles, relaxed, and happy to talk.
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By AFP
Kiev -
The value of Ukrainian President Petro Poroshenko's assets soared despite economic crisis and conflict while those of other tycoons shrank in an annual wealth list published Friday.
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By AFP
Singapore -
Asia Pacific millionaires are set to become the world's richest this year, a report said Wednesday, driven largely by wealthy individuals in India and China.The combined wealth of Asia Pacific's super rich will surpass its 2014 total of $15.
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By AFP
Tehran -
Iran's supreme leader Ayatollah Ali Khamenei criticised fast-driving wealthy youngsters Sunday for creating "psychological insecurity" on the streets after two high-speed accidents killed five people.
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Apple CEO Tim Cook has said that he plans to give much of his vast fortune away to charity in the near future, joining a list of tech executives including Bill Gates and Mark Zuckerberg who enjoy sharing their wealth with others.
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According to recent data and news reports, it’s true that the rich are getting richer. While that revelation may not surprise many, the reason why could.
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The Billionaire Census conducted by Wealth-X and UBS has concluded that the world’s richest people are keeping their money in cash, rather than investing it.
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By AFP
Shanghai -
The largest stock offer in history has made Jack Ma, founder of e-commerce giant Alibaba, China's richest person with a fortune of $25 billion, an annual wealth ranking in the world's second largest economy showed Tuesday.
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Digital Journal's interview with finance expert Bruce Sellery, conducted over Twitter, shed light on tips and advice for anyone looking to better manage their money.
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Hazel Henderson is a self-described political economist and writer whose work has been translated into 27 languages. Since the 1960s she has been an international consultant on issues related to the environment and social development.
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By Reuters
U.S. household net worth jumped to a new high at the end of last year, as the value of real estate and shareholdings rose and bank accounts swelled.
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By AFP
Hong Kong -
A 24-year-old Hong Kong-based woman has been named the world's youngest billionaire, replacing a Facebook co-founder and spurring gossip in the city.Perenna Kei, a graduate from the University of London who lives in Hong Kong, was ranked by Forbes as t...
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By AFP
Washington -
The surging price of Microsoft shares returned US tech tycoon Bill Gates back to the top of Forbes's world's billionaires list, with his $76 billion beating out Mexico's Carlos Slim's $72 billion.The annual list, released Monday, counted 1,645 men and ...
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By AFP
Beijing -
Asia experienced a billionaire boom last year, with more than 200 people from the continent seeing their net worth pass into 10 figures, a Chinese publisher said Tuesday.A total of 824 Asians were included among the 1,867 people named as dollar billion...
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By Reuters
Singapore is known as a tropical refuge for the world's wealthy, endowed with exclusive residential enclaves, a marina for super-yachts, two casinos and an annual Formula One race that brings in the gl...
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By Reuters
China's central bank published rules on Thursday governing investment by wealth management products (WMPs) in the country's bond market, in a move aimed at containing risks posed by ban...
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A new study says that suddenly accumulating a lot of money (in the study's case, winning the lottery) leads to an increase in conservatism.
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Singapore -
A British wealth manager living in Singapore is facing death threats, government criticism and anger among its citizens, after his Facebook posts about mixing with "poor people" on public transport and being reunited with his beloved Porsche went viral.
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By AFP
Beijing -
Relatives of top Chinese leaders including President Xi Jinping and former premier Wen Jiabao have used offshore tax havens to hide their wealth, according to a mammoth investigation released on Wednesday.
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We are living through tough economic times but is that really true? News that global wealth has risen by 68 percent over the past 10 years to reach a new all-time high of $241 trillion certainly paints a different picture.
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For 20 straight years Microsoft co-founder Bill Gates has been the richest man in America and at moments, the world's wealthiest man. He has now again surpassed telecom billionaire Carlos Slim to become the richest person on the planet.
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People living in 'wealthy' countries appear more likely to develop Alzheimer's disease due to greatly reduced contact with bacteria, viruses and other microorganisms. This leads to them having weaker immune systems.
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London -
One man’s waste is another man’s gold. According to a report by a British government agency the country’s garbage disposal is potentially worth over $4.5 billion.
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Wealth Image
U.S. Route 101 is an asphalt strip separating the wealth of Silicon Valley from East Palo Alto. LPS.1
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